WBTL(SH:603596) Zheng Quan Zhi Xing·2025-07-31 16:38Core Viewpoint - The announcement details the achievement of conditions for the third unlock period of the reserved portion of the 2019 restricted stock incentive plan of Wuhu Berteli Automotive Safety Systems Co., Ltd, allowing for the listing of 213,500 shares on August 6, 2025 [1][10]. Group 1: Incentive Plan Overview - The 2019 restricted stock incentive plan was approved and implemented through board and supervisory meetings, with independent opinions provided by the independent directors and legal counsel [2][3]. - The total number of restricted stocks granted under the incentive plan is 1,535,000 shares, with an additional 400,000 shares reserved for future grants [3][4]. Group 2: Unlock Conditions - The third unlock period for the reserved portion of the restricted stock is set to expire on July 21, 2025, meeting the 60-month requirement from the grant date [10]. - Both the company and the incentive recipients have met the conditions for unlocking, including no adverse audit opinions or administrative penalties [10][11]. Group 3: Performance Metrics - The performance assessment for unlocking the shares is based on the company's revenue growth rate, with a target of at least 38% for the third unlock period [11]. - The company achieved a revenue of 993,659.94 million yuan for 2024, reflecting a growth of 79.39% compared to 2022 [11]. Group 4: Unlocking Details - A total of 19 individuals are eligible to unlock 213,500 shares, which represents 0.04% of the company's total share capital of 606,510,820 shares [12][13]. - The shares will be listed for trading on August 6, 2025, with specific transfer restrictions for directors and executives [13][14]. Group 5: Legal Compliance - The legal opinion confirms that the conditions for the third unlock period have been met and that the necessary approvals and authorizations have been obtained [14][15].